Trepp LLC clients can now launch a pre-populated Microsoft Excel underwriting model developed by The Rockport Group for commercial real estate-focused investors.
With the new model, market participants can analyze property cashflows, calculate year-over-year trends, perform discounted-cashflow analysis and then upload the concluded cashflow vector back into Trepp's Web products, the companies say.
The Basic Rockport model is available to Trepp clients as part of their regular subscription, and Rockport's Enterprise model is available at an additional fee.
"We are very excited to be providing Rockport's real estate underwriting model to our clients," says Andy Leibman, senior vice president at Trepp. "In this environment, commercial real estate investors are looking for ways to run deeper analysis than ever before, and Rockport's property- and loan-level analytics provides a very powerful option."
The companies say this is the first time an integrated loan underwriting model has been made available to investors.